Auto parts store owners need specialized insurance policies to protect themselves, their stores, their employees, and their merchandise from a variety of common risks that could cause significant financial damages.
At KSA Insurance, we partner with Auto, Allstate, and AmTrust to provide comprehensive auto parts store insurance policies to business owners in South Carolina and across the southeastern United States. Contact us today to request a quote and learn more.
What is Auto Parts Store Insurance?
To support auto parts store owners, has partnered with Allstate Insurance and AmTrust Financial to provide specialized insurance packages that address the unique risks and challenges that these business owners face.
This program includes:
- Business insurance
- Commercial auto insurance
- Workers compensation insurance
- Personal insurance for store owners and employees
Through a combination of commercial and personal insurance products, this program offers a wide range of necessary coverages for auto parts store owners and their employees.
Business insurance includes several essential coverages to protect store owners, their property, and merchandise from common risks, including theft, vandalism, fires, and more.
These coverages include:
- Business liability insurance
- Business property insurance
- Cyber insurance
- Business income insurance
These coverages help auto parts stores mitigate financial damages if they are subjected to a covered disaster. Business insurance also may help business owners cover legal and medical expenses if they are held liable for personal injury or property damage that they cause to another person.
Commercial Auto Insurance
Commercial auto insurance may help cover damages that arise when you or an employee is involved in an auto accident while using a company vehicle.
Commercial auto insurance typically covers:
- Vehicle repairs
- Medical payments for drivers and passengers
- Property damage caused to others
Commercial auto insurance covers a wide range of vehicle types, including cars, semi-trucks, pickup trucks, tractor-trailers, utility trucks, and vans. It may also cover employee vehicles and rented vehicles that are being used for business-related reasons.
Workers’ Compensation Insurance
Workers’ compensation helps financially support employees that become ill or injured while at work.
This type of insurance can help cover costs relating to:
- Lost wages
- Medical care
Most states require businesses to carry workers’ compensation to ensure their employees are protected in case they become unable to work due to a work-related accident.
The Auto Parts Store insurance program also provides access to personal insurance policies for store owners and employees.
These personal insurance policies include:
- Home insurance: Covers damages to your home and personal property that are caused by covered perils, which may include disasters like fires, storms, lightning, falling objects, and more. Also provides liability coverage for homeowners.
- Auto insurance: Helps cover vehicle owners when they are involved in an auto accident. May help pay for repairs, legal expenses, medical bills, rental costs, and other expenses that arise after a collision.
- Umbrella insurance: Umbrella insurance provides additional coverage on top of your existing personal insurance policies. If your coverage limits are exhausted, umbrella insurance can help cover the remaining costs.
With these personal insurance policies, auto parts store owners and their employees can be protected against common risks that they face outside of work.
How Much Does It Cost?
Auto parts store insurance rates vary depending on a variety of factors, including:
- Store location
- Number of employees
- Coverage limits
- Claims history
- Coverage needs
- And more
Depending on the specific types of coverage you need for your store and employees, your rates may increase. At KSA Insurance, we’ll work with you to create a custom policy that meets your coverage and financial needs.
Who Needs Auto Parts Store Insurance?
Auto parts store insurance provides several essential coverages for store owners and employees. If you own a parts store, it’s important to consider purchasing insurance to protect your store, merchandise, employees, and customers against a variety of risks.
From theft and vandalism to fires and storms, there are a variety of incidents that can cause extreme damages to your store. Without the proper coverages in place, business owners may have to pay for these damages out of pocket.
Not only do these coverages help store owners mitigate financial damages, but certain types of insurance, like workers compensation, are often legally required, depending on your state.
Request a Quote
Auto parts store insurance provides invaluable coverage for store owners and employees. To protect against the unique risks that auto parts store owners face, it’s important to consider purchasing a specialized insurance package that includes commercial and personal insurance policies.
At KSA Insurance, we work with store owners in South Carolina and the southeastern United States to help them obtain comprehensive insurance through NAPA, AmTrust, and Allstate. Contact us today to request a quote.